BBTN - Mobile transaction volume surges 160%, exceeding IDR 60tn in Sept24

BBTN - Mobile transaction volume surges 160%, exceeding IDR 60tn in Sept24 Bank Tabungan Negara Tbk (BBTN) has reported a significant increase in mobile banking transaction volume through its BTN Mobile platform. As of September 2024, transaction volume has grown by 160% yoy, reaching a total value of over IDR60 tn. Additionally, the frequency of BTN Mobile transactions has surged by 180% during the same period. Thomas Wahyudi, BTN Senior Executive Vice President of Digital Business, attributed this growth to the increasing adoption of BTN's digital services by customers for various transaction needs. He highlighted the potential for further growth in the fourth quarter, particularly driven by the BTN program launched in June 2024 through BTN Mobile and its associated merchant ecosystem. The most popular features among BTN Mobile users include money transfers (Bi Fast, Online Transfer, SKN, RTGS) and utility bill payments (PLN tokens, Telco Providers, PDAM). Other frequently used transactions include electronic money purchases/top-ups and QRIS-based payments. BTN plans to continue enhancing its digital offerings by introducing new features such as inter-border QRIS services, expanded QRIS transaction categories, additional investment products like SBN (securities), international remittance services, and various lifestyle-related ecosystems to cater to the needs of its customers, particularly millennials. (Source : Kontan)